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90-95% LTV Mortgage required
I would like to find a re-mortgage for £148k on a house valued at £160k, is there still such a product out there. Just finished a five year fixed and its come down over £100 pm, would like to tie in while rates are low. Thanks in advance
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Mortgages and stamp duty "avoidance"(!)
Hi Quick question. There's a house we're interested in which had asking price of 279k. We don't wish to offer over 250k for stamp duty reasons as the extra £5000 would take a chunk out of our deposit and ruin our LTV, but the vendors are getting increasingly keen to sell. The transaction plan proposed by the vendors is:…
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Mortgage help please - redundancy related
Hello. My husband was made redundant around 7 weeks ago and so far, we have managed to pay our mortgage; however we can probably only afford to pay another month or so before our savings run out. Im on maternity pay due to recently having a baby and this income will not even cover the mortgage let alone pay it plus all of…
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Buy to let Q
If you have a buy to let mortgage is it taken into account if you apply for a residential mortgage? Some friends have a flat which they bought with buy to let mortgage and are now buying a house and say the buy to let mortgage isn't taken into account and it is 200k and has never been let they use it as a holiday…
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First time buyer, adverse credit, needs mortgage
Hi everyone. I'm 24 and looking to buy my first flat. I'm in full time employment living with my parents. The mortgage would be for £224950 which is the the cheapest in my area. Family may be able to help by means of deposit. The problem is I have six defaults on my account. All are satisfied, the oldest is about to drop…
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Best fixed rate mortgage, 80& LTV on new build?
Hi all, On the lookout for a fixed (3-5 year, preferably 5!) rate mortgage. Here are the details House Price - £250k (4 bed detached new build, currently built just needing wired, kitchen put in etc, approx time 2-3 months til its ready) Deposit - £50k Does anyone know any good deals at the moment? All I can find is Ulster…
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Bad timing or can it be done?
Hi all, The current situation: Currently living in Gloucester with my other half. The 85k or so mortgage on the 105k property (with Nationwide) is in his name only (a relic from the past). I have a new posting starting in London soon and so we have both decided to move, however he will be following later due to his work…
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FTBs awaiting decision...
Hi We have had an offer accepted on a house we love, and now we are awaiting the mortgage decision. My partner has applied in his name only with ING, and we have applied jointly to RBS - I have a default from 5 years ago which we worried would affect our chances jointly, but I have banked with RBS for 9 years and they…
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FTB - 3 years at 4.99% or 5 years at 5.69%?
I'm struggling to decide between these two offers, each have their benefits and draw backs. Both of these deals assume I have a 20% deposit on a purchase price of £170k: The first deal is a 4.99% 3 year deal with an application fee of £200 upfront and £499 added to the cost of the mortgage. Monthly payment: £796 Secondly…
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Help understanding two different deals
Can someone explain to me how the APR on a 4.99% 5yr fixed rate with Newcastle BS can be 6% but the APR on a 4.49% 3yr fixed rate with RBS can be 4.3% - ie.e one APR higher than the headline rate and one lower? I'm looking to re-mortgage and borrow an additional £5k. My current deal ends 31/12. I extended my house last…
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Legal & General ZERO final bonus
We have had a 17 year with profits taken jointly in 1992 with monthly payments of £45.34. This was to cover £16k towards part of the mortgage as we had had some work done on the house. We have been advised that we are only likely to receive £12.2K at the latest valuation mid-September. Maturity date is 1st November 2009…
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Mortgage advice please!
Hi, My boyfriend and I would like to buy a house and are beginning to save a deposit ready for April (when we have to move out of our rented home). He has a decent income, however I am concerned about being unable to get a mortgage and was hoping someone could give some advice. I have just finished University (last week)…
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Co-op proof of deposit & more info
Hi, I've had my formal offer through from the co-op and I just had a couple of questions about it. They want to see proof of my deposit funds. Is this normal I guess? What's the best way of doing this (i.e. just do it myself or through solicitor)? I assume they'll want something like a bank statement from the account…
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FTB - Impossible dream?
DS & GF would like to buy their first house, however they only have about 3k in savings and earn about 29k between them. DS has a student loan (Not yet being paid back) of about 1.5k. They are in their twenties and are ready to move on but are they doomed to live with parents forever or is there any chance for them to…
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What should be my next steps and do guarantors make a difference?
Hi, I'm after advice on what my next steps should be. 2 months ago: fixed rate on mortgage was nearing the end, about to go onto standard variable rate been through amicable split with ex - we share a mortgage lent by Halifax ex is happy for me to take over the mortgage and house I have 139k left to pay on mortgage I earn…
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Halifax letter early exit from fixed!?
We are currently on a 5 year fixed with Halifax until 2012 at 5.79%. We had a retention which we drew down last year to have some work done on the house and now owe about 250K. Currently we are paynig interest only to get over some of our extra costs short term and I assumed we would be on this deal until 2012 since the…
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re mortgage
Can you advise I will need to borrow about 100,000 in order to buy a house next year. The house will cost 200,000. However, I am self employed and as yet not making a profit. Of course, I do hope to start making money asap. ;) I have an early pension of £500. My age is or will be 54. any help apprciated.
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Porting Mortgage to BTL property
Hi I am planning to sell my house and move into a BTL property that I have currently rented out. I assume I can 'port' my residential mortgage (i.e. bring it with me) and will not occur any stamp duty as I already own the property I am moving in to. thanks for any advice
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Buying and not selling (yet)
Hi All Im after some advice I have my house on the market and have over £50k in equity in it (thats if it sells for 10k under valuation then fees etc I have put an offer on a new house and accepted, its £225k Combined salary = £60k (would be more but wife has decided on part time after new born) We have £60k deposit (would…
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Hoping for some advice
I'll try and bullet point as much as possible, just to save the waffle. - I currently live with my mother, who divorced a few years ago. I'm aged 22, very good credit history, no debts, and roughly £17,000 in savings. I am employed, but my contract is due to end on the 31st March 2011, as the department I work in is being…
